Southeast Asian Feed Sector: Corn, DDGS and CGM

SEA feed industry demand for corn

This U.S. Grains Council’s chart of note illustrates five Southeast Asian countries’ growing demand for corn as livestock feed.

 In 2004, the region’s feed sector corn demand was 15 million metric tons. Less than a decade later, that demand has grown to more than 25 million tons, a 66.7 percent increase. This rise in demand is amid a decrease in the availability of local corn supplies, which results in a higher reliance on imported coarse grains and co-products.

Biofuels Mandates as Driver of Potential Ethanol Demand

This Chart of Note shows the theoretical volume of ethanol demand by non-U.S. markets with existing biofuels mandates. If countries enforced existing biofuels mandates using ethanol, their gasoline use in 2012 would suggest that the top 10 ethanol consumers would require 3.5 billion gallons of the renewable fuel. The next 10 would add another 393 million gallons of demand.

Import Margins Balloon in China

Corn in China

This week’s U.S. Grains Council Chart of the Week illustrates that despite declining corn prices in the United States, corn prices in China continue to rise. Following years of increasing corn production, China has an abundant supply of corn available. However, transportation costs from production areas to areas that use corn make corn in China more expensive than corn imported from the United States. According to the chart, corn in China is selling corn at almost $155 more per ton than corn imported from the United States would cost.

Brazilian Corn Prices Drop with Harvest

Brazil corn prices

This week’s U.S. Grains Council Chart of the Week illustrates that as Brazil’s summer corn harvest draws to an end, total corn production in Brazil has exceeded initial expectations, causing prices to drop. Production for the summer crop is nearly complete at 32.2 million metric tons (1.3 billion bushels), with 100 percent of the crop harvested in southern and central parts of the country. Total production estimates, including both the summer and winter crops, are now at 75 million tons (3 billion bushels).

Colombia Ports Clogged with US Corn as Duty-Free Quota Nears End

Colombian Corn Imports for 7 years

This week’s U.S. Grains Council’s Chart of the week illustrates that U.S. market share in Colombia is regaining its historical dominance, which had eroded substantially since 2008. However, U.S. corn sales are rapidly approaching the end of the duty-free quota under the U.S.–Colombia Free Trade Agreement. According to Colombian customs, 86 percent of the first-come, first-serve quota of 2.3 million metric tons (90.5 million bushels) is already filled. It’s expected that the remainder of the quota will be filled by mid-June.

US Corn Planting Progress: Ahead of 2013, Behind Average

U.S. Corn Planting Progress

This week's U.S. Grains Council's Chart of the Week compares the 2014 corn planting progress report from the U.S. Department of Agriculture (USDA) released May 5, 2014, to the planting progress over the same period last year, as well as the five-year average. The report indicated that as of May 4, 2014, the 18 states that produced 91 percent of the 2013 corn crop, are 29 percent planted. These 18 states were only 11 percent planted in 2013.

Pages